Rouhani calls on France business sector for co-op

Business Materials 28 January 2016 21:10 (UTC +04:00)
Iran is ready for vast economic cooperation as it enjoys great capacities and has many needs to be fulfilled.
Rouhani calls on France business sector for co-op

Tehran, Iran, Jan. 28

By Mehdi Sepahvand, Farhad Daneshvar - Trend:

Iran is ready for vast economic cooperation as it enjoys great capacities and has many needs to be fulfilled, Iranian President Hassan Rouhani told French business representatives in Paris.

He explained that socio-political security, rich energy resources, educated workforce, and good relations with regional countries make Iran an interesting place for investment, IRNA news agency reported January 28.

Rouhani went on to underline that Iran needs foreign investment in energy, industry, agriculture, transportation, tourism, and labor market.

French Prime Minister Manuel Valls, who also participated in the conference, said his country took the hardest blow from Iran sanctions.

He hailed the signing of numerous business deals as a good sign of the two countries' will to expand ties.

At the end of the conference, three cooperation agreements in the fields of car manufacturing, health, and agriculture were signed by private sector representatives from both sides.

After the removal of international nuclear related-sanctions on the Islamic Republic, Rouhani traveled to Italy for the first leg of his European tour on Jan. 25, which wrapped up Jan. 27 by signing a raft of deals.

Hassan Rouhani said at the start of his visit to France that the Islamic Republic is ready to welcome foreign investors, adding there are no more obstacles to investment in Iran.

The pragmatic president's visit came just a week after the implementation of the Joint Comprehensive Plan of Action (JCPOA/nuclear deal) that put an end to economic sanctions against Tehran.

In a joint statement on Jan. 16, the EU's High Representative Federica Mogherini and Iran's Foreign Minister Mohammad Javad Zarif announced the implementation of the JCPOA and the removal of economic sanctions on Iran.

According to the statement, EU has confirmed that the legal framework, providing for lifting of its nuclear-related economic and financial sanctions, is effective.

The Iranian president led a 120-member delegation including ministers and businessmen during the five-day tour to Rome and Paris.

Earlier on Jan. 23, Iran and China signed 17 agreements, including on energy sector and boosting trade ties to $600 billion following the removal of sanctions.